After a strong push up (impulse move), price retraced sharply. The retracement formed a descending channel (falling wedge). Falling wedges often indicate bullish reversal potential. Price recently touched the support zone near $111,800–$111,700, where buyers previously stepped in. ✅ Support & resistance zones are clearly identified. ✅ Pattern recognition: A...
Incoming short possibilities on usdjpy if we have a breakout on our cuurent trend-analysis
As we are still within heavish momentum within the markets, we're still expecting a lot of USD pairs such as the one above to continue its bullish run towards the upside especially after supporting its current market structure.
Trade Idea Bullish momentum expected on XAUUSD following current bullish run.
As we await for Gold to break through our trend line since it has failed to break below our current support. We are expecting short movements towards the upside.
FOMC rates led to it breaking towards the downside breaking through it's previous support level of 1.35664 indicating the continuation towards the downside.
Awaiting for NZDCAD to continue its bearish momentum towards the upside in the long run
US30 broke through the previous support level and is now intending to push more towards the upside( Bullish momentum).